SAN DIEGO and AMSTERDAM, Sept. 13 /PRNewswire/ -- DivX, Inc. (Nasdaq: DIVX), a leading digital media company connecting people and entertainment, and TechniSat Digital GmbH, a leading consumer electronics organisation with headquarters in Germany, today announced an agreement to bring DivX technology to TechniSat digital set-top-box devices, as well as digital televisions, for the German retail market.
With over 300 million DivX devices shipped to the market from major manufacturers, DivX Certification has become synonymous with the ability to playback high-quality digital video files from the Internet in the living room or on the go. DivX Certified set-top-boxes from TechniSat will enable consumers to easily enjoy their collection of DivX videos on the television through simple USB playback. Additionally, DivX Certified TechniSat devices will support the playback of secure, premium Hollywood content in the DivX format from major studios including Sony Pictures, Paramount, Warner Brothers, Lion's Gate and Starz Entertainment.
"We're excited to partner with TechniSat to bring the first DivX Certified set-top-boxes to the German market," said Malachi Bierstein, Director and General Manager of EMEA, DivX, Inc. "DivX technology provides a number of advantages to set-top box manufacturers looking to provide consumers with access to the catalogue of high-quality IP-delivered video content. The collection of premium DivX titles available from multiple online retailers, including Media Markt in Europe, coupled with a strong global brand, superior performance and video quality make DivX the ideal solution for the next generation of set-top boxes."
Products that bear the DivX Certified logo have undergone a rigorous testing program to ensure a high-quality DivX media experience, including reliable video creation and playback, interoperability with other DivX Certified devices and the visual high-quality users expect from DivX.
For more information about DivX, visit www.divx.com.
For more information about TechniSat, visit http://www.technisat.com.
DivX, Inc. is a leading digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment—the PC, the television and mobile devices. Over 300 million DivX devices have shipped into the market worldwide from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.
On June 2, 2010, DivX, Inc. and Sonic Solutions announced a proposed merger transaction. Sonic Solutions has filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 containing a preliminary joint proxy statement/prospectus in connection with the proposed merger and both companies intend to mail a definitive joint proxy statement/prospectus and other relevant documents to Sonic and DivX shareholders following such time that the registration statement is declared effective by the SEC.
About TechniSat Digital GmbH:
TechniSat Digital Group is a leading consumer electronics organisation with headquarters in Germany. Specialising in premium DVB products, TechniSat designs, develops and manufactures a range of digital receivers, PVRs, PC cards, CA Modules and IDTVs with embedded Conditional Access and Common Interface for SD and HD services.
TechniSat has production facilities in Germany and Europe as well as R&D in Germany, Poland and the UK. The products are designed and developed by TechniSat Digital's hardware and software engineering teams which have in-depth DVB expertise. Many CA vendors, such as CONAX, Cryptoworks/Irdeto, Nagravision, Viaccess, NDS and others, have licensed TechniSat Digital as a preferred business partner.
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding DivX's visibility within the investment community and the availability of certain DivX enabled products to consumers. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause DivX's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to: the risk that customer use of DivX technology may not grow as anticipated; the risk that anticipated market opportunities may not materialize at expected levels, or at all; the risk that the Company's activities may not result in the growth of profitable revenue; risks and uncertainties related to the maintenance and strength of the DivX brand; risks associated with DivX's ability to penetrate existing and new markets; risks regarding the effects of competition; the risk of DivX's dependence on its licensees and partners; risks related to the effect of intellectual property rights claims; risks related to DivX's partners' ability to make certain products available to consumers on specified timelines, or at all; and other factors discussed in the "Risk Factors" section of DivX's most recent report filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement. DivX is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
This press release is not a solicitation of a proxy, an offer to purchase, nor a solicitation of an offer to sell shares of Sonic Solutions, and it is not a substitute for any proxy statement or other filings that may be made with the SEC with respect to the proposed merger. In connection with the proposed merger, Sonic Solutions has filed a registration statement on Form S-4 containing a joint proxy statement/prospectus of Sonic Solutions and DivX. Investors and security holders are urged to carefully read the Registration Statement on Form S-4 and related joint proxy statement/prospectus and other documents filed with the SEC by Sonic Solutions and DivX, because they contain important information about Sonic Solutions, DivX and the proposed transaction, including with respect to risks and uncertainties that could delay or prevent the completion of the transaction. Such documents are available free of charge at the SEC website (http://www.sec.gov/), from Sonic Solutions and its corporate website (www.sonic.com) or from DivX and its corporate website (http://www.divx.com/).
Sonic Solutions, DivX and their respective directors, executive officers and other members of their management may be deemed to be soliciting proxies from shareholders of Sonic Solutions or DivX in favor of the proposed merger. Investors and stockholders may obtain more detailed information regarding the direct and indirect interests in the proposed merger of persons who may, under the rules of the SEC, be considered participants in the solicitation of these shareholders in connection with the proposed merger by reading the joint proxy statement/prospectus described above. Additional information about the directors and executive officers of Sonic Solutions may be found in its definitive proxy statement filed with the SEC on October 1, 2009. Additional information about the directors and executive officers of DivX may be found in its definitive proxy statement filed with the SEC on April 20, 2010. Such documents are available free of charge at the SEC website (http://www.sec.gov/), from Sonic Solutions and its corporate website (http://www.sonic.com/) or from DivX and its corporate website (http://www.divx.com/).
SOURCE DivX, Inc.